Grocery Outlet files for IPO

Grocery Outlet Holding Corp. said Tuesday afternoon that it has confidentially filed for an initial public offering.

The discount grocery chain is majority-owned by private-equity firm Hellman & Friedman, and still managed by the family of the founder, Jim Read, who established the first store in San Francisco in 1946, according to the company’s website. 

To read the rest of the story, please go to: MarketWatch